Tech Finally Catches Up With Consulting As MIT Sloan MBAs’ Top Choice

MIT Sloan photo

MOST STAYED IN THE NORTHEAST, BUT THE TOP SALARY WAS OVERSEAS

The vast majority of Class of 2019 MIT Sloan MBAs, 87.6%, remained in the United States, and most of those (45.4%) stayed in the Northeast corridor, including 25.8% in Boston and 17.1% in New York City. Of the 27.2% who moved to the West Coast, 17.1% landed in San Francisco. Of those who went abroad, 6% found work in Asia, 2% in Latin America, and 1.7% in Europe.

The highest median salaries, however, were in the Mid-Atlantic, presumably Washington, D.C., and the Southwest, each of which is listed at $165,000. However, those only comprise 5.7% of graduates. In New York, the median starting salary is $150,000; the 5% who relocated to the Midwest, likely Chicago, earned a median $150,000 as well, whereas MIT’s grads who stayed local in Boston only earned a median $130,000. However, someone in venture capital in Boston also reported the highest domestic base salary, $215,000. The highest overall salary went to an investment manager in Asia: $250,000.

A consultant/strategic planner received the highest signing bonus, $100,000, though three others — in investment management, product management/development, and leadership development/general management — reported $80K bonuses. And in other compensation, which MIT continues to report despite the reluctance of many of its peers to follow suit, someone notched an extra $65,000 — nice, but a far cry from last year when someone reported a crazy $450K add-on.

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